YPF CEO resigns

Argentina

BUENOS AIRES, August 29, 2017 – Ricardo Darré stepped down from his position as CEO of Argentina’s state-owned YPF, the company announced on Monday.

In the wake of Darré’s resignation, the NOC will be run by a six-member executive committee that will include Carlos Alfonsi, executive vice-president for operations and transformation, and CFO Daniel Gonzalez Casartelli, who will be taking on the role of vice-president of administration and finance.

“YPF now implements a reorganisation of its internal structure whose essence is to empower the team to keep the company’s focus on operational and business management in the future,” the company said in a statement.

According to YPF, Darré resigned for personal reasons.

Darré was appointed CEO of the company in July 2016. Prior to that, he held the dual position of president and CEO of Total USA E&P for two years.

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